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Ernesto

Update on Ernesto

Ernesto continue with his same agricultural activity growing a variety of vegetables and fruit. On this occasion he’s asking for the loan to buy potato seeds and to do the soil preparation. He relates that he did very well with the previous loan because he sold the watermelons in the local market directly from producer to consumer.
View original language description ↓
El Sr. Ernesto sigue con su misma actividad de agricultura, sembrando variedad de vegetales, hortalizas y frutas, en esta ocasión solicita el crédito para la compra de semilla para la siembra de papa y para el preparado de la tierra, cuenta que le fue muy bien con el crédito ya que las Sandias lo vendió en el mercado de la localidad, directamente del productor al consumidor.

Previous Loan Details

Sr. Ernesto was born in Chuquisaca and is married to Sra. Prospera. They have five children, three adults and two minors. He has a plot of land in Villa San Carlos, which is 25 km from Limoncito, where he works and lives. Ernesto engages in farming, but he also harvests lumber for the carpentry… More from Ernesto's previous loan »

Additional Information

About Emprender

Emprender has been working in Bolivia since 1999. It is dedicated to becoming a key tool in the development of its clients and the improvement of their quality of life. Operating in three of Bolivia’s major cities – La Paz, Cochabamba, and Santa Cruz – Emprender offers both urban and rural clients the opportunity to obtain financial products tailored to fit their needs and businesses. These products include housing loans, salary loans, “opportunity” (short-term) loans, and higher education loans. To better the quality of life for its clients and non-clients through non-financial services, Emprender offers free medical consultations and health classes given by trained doctors.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Bolivia

  • $2,817
    Average annual income
  • 117
    View loans »
    Bolivia Loans Fundraising
  • $28,261,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ernesto to buy potato seeds.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 12, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 22, 2014
This photo was used before for a previous loan for Ernesto. It was first posted on Kiva on Aug, 2011. Learn More